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China Gas Holdings ( (HK:0384) ) has issued an announcement.
China Gas Holdings has entered into an equity transfer agreement under which a wholly owned subsidiary will sell its stake in a target company to another group subsidiary for RMB52.67 million, after which the seller will no longer hold any direct interest but the group will retain an indirect holding through the purchasing non-wholly owned subsidiary. Separately, the company has signed a gas and water metering products procurement framework agreement under which the YPH Group will supply metering products and related services to the parent group until March 2028, with both transactions classified as connected or continuing connected transactions under Hong Kong listing rules, triggering reporting and announcement obligations but exempting them from independent shareholder approval due to their size thresholds.
The most recent analyst rating on (HK:0384) stock is a Hold with a HK$7.30 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.
More about China Gas Holdings
China Gas Holdings Limited is a Hong Kong-listed energy company engaged in the distribution and supply of gas and related products and services in mainland China and Hong Kong. The group also provides associated infrastructure, equipment and metering solutions that support gas and water utilities across its project portfolio.
Average Trading Volume: 7,574,056
Technical Sentiment Signal: Buy
Current Market Cap: HK$42.44B
Find detailed analytics on 0384 stock on TipRanks’ Stock Analysis page.